114 HR 3621 IH: Social Security Earned Benefits Payment ActU.S. House of Representatives2015-09-28text/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.I114th CONGRESS1st SessionH. R. 3621IN THE HOUSE OF REPRESENTATIVESSeptember 28, 2015Mr. Levin (for himself, Mr. Crowley, Mr. Danny K. Davis of Illinois, Mr. Doggett, Mr. Larson of Connecticut, Mr. Lewis, Mr. Neal, Mr. Pascrell, Mr. Rangel, and Ms. Linda T. Sánchez of California) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo ensure that Social Security contributions made by workers are available to pay all benefits
which they have earned.1.Short titleThis Act may be cited as the Social Security Earned Benefits Payment Act.2.Allocations to Federal Disability Insurance Trust Fund(a)Allocation with respect to wagesSection 201(b)(1) of the Social Security Act (42 U.S.C. 401(b)(1)) is amended by striking and (R) 1.80 per centum of the wages (as so defined) paid after December 31, 1999, and so reported, and inserting (R) 1.80 per centum of the wages (as so defined) paid after December 31, 1999, and before January 1, 2016, and so reported, (S) 2.65 per centum of the wages (as so defined) paid after December 31, 2015, and before January 1, 2021, and so reported, and (T) 1.80 per centum of the wages (as so defined) paid after December 31, 2020, and so reported,.(b)Allocation With Respect to Self-Employment IncomeSection 201(b)(2) of such Act (42 U.S.C. 401(b)(2)) is amended by striking and (R) 1.80 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1999, and inserting (R) 1.80 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1999, and before January 1, 2016, (S) 2.65 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 2015, and before January 1, 2021, and (T) 1.80 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 2020,.(c)Effective dateThe amendments made by this section shall apply with respect to wages paid after December 31, 2015, and self-employment income for taxable years beginning after such date.